Software Engineer

Oyo 
Ola
Cred 
Udaan
Bharatpe
Hike (bhai yeh unicorn kab bani?) 
Rivigo 
Apna

https://www.ventureintelligence.com/Indian-Unicorn-Tracker.php

Went through this list, and these ones seem to be the most likely. Oyo & Ola are slightly large so might not actually happen. Cred I've not stayed up to date on their recent businesses, but have always had low faith on what they had set out to build

Analyst

Product Manager

What are some startups which once looked very promising will struggle to survive owing in finding winter of 2324 ?

Welcome to Indian Startups's Private Community

What are some startups which once looked very promising will struggle to survive owing in finding winter of 23-24 ?

Probable List of unicorpses ( dying unicorn ) in upcoming funding winter

Probable List of unicorpses ( dying unicorn ) in upcoming funding winter- Grapevine

Which unicorn will be first to go belly up in the funding winter

Which Indian startup is not gonna make it past the funding winter?

Year is ending in another 1 month.
A rough year for many startups winding off
Which startups do you think will wind off in next, 6 months?
Which startup should be saved and get VC fundings for continuing operations as Dhandha mode

Belly up startups

Founder

Welcome to Software Engineers's Private Community

Whats your thought about tech boom is over? I personally think tech promised a lot much things and it failed. I may be wrong but people who are calling chat gpt is the future was the ones who supported web3 and crypto mania. So what will keep moving the tech industry? One of which is I think is digital automation, rest please enlighten us, so that we can research, read and learn about it.

Tech boom

Picture speaks a thousand words

As per latest report only 67 Unicorn left which once was 100+

Can you name any ex-unicorn.

Currently, India has 67 unicorns, as per a report by the Hurun Research Institute. This makes the country rank third on the global list. However, it's way less 

India Ranked Third with 67 unicorns: Report 

Only 67 Unicorn are left 🦄

Will we see more Unicorpses in coming months?

Welcome to Office Gossip's Private Community

Are you a first time manager or do you have any questions around workplace productivity, team management, culture? Ask away!

15 yrs of exp., 2x founder, 1 exit, led diverse teams. AMA

As we bid farewell to the challenges of the past, let's delve into why 2024 is poised to be a game-changer for the Indian Startups! 🚀

In 2020, the world weathered the storm of COVID, followed by unprecedented quantitative easing. We then saw that in 2021 the bull run came soaring. Investors, fueled by the appetite for riskier assets led to a funding boom for startups as salaries soared.

Fast forward to 2022, and the music is about to stop. The realization that the Fed would hike rates to curb inflation means that funding is about to dry up as big money will be invested away into debt/T-Bills. Though demand remained robust, the stock market felt the impact as JPow raised the interest rates. 

Late 2022 and 2023 saw the tech landscape experiencing layoffs, and startups facing significant headwinds. It’s a wonder  if anyone raised this year.

But here's the twist—2024 looks brighter. The stock markets have rebounded to all-time highs, signaling that things may be on the rise. Despite geopolitical tensions in Ukraine and Iraq, the macro outlook for India shines bright. 

For Indian Startups? VC Funding is still here to stay. So keep your heads down and keep building. From what I am hearing, it is set to make a roaring comeback. There is now significant rationality in the funding ecosystem leading to realistic valuations.

However, this revival will come with a plot twist. Newer companies, fueled by fresh funding, are set to rise, while most of the lofty valuations of those who raised in 2021 are about to crash and burn.

So buckle up folks. Let’s see where it takes us.

What do you think? 🤔

[Thread] Why 2024 is going to be a massive hit for the ecosystem?

Reads like an year end address from the company MD before the employees realize there are going to be no increments this year

Business Development Manager

My company has frozen increments this cycle 😭. Founders couldn't even get investments in the past 2 years. 😔😔

~ No money, no honey ~

UX/UI Designer

-Online brands are expanding offline to achieve scale
 -Late stage startups are gearing towards profitability earlier than planned 
-Biz models built on behavior during Covid are struggling (like edtech) 
-Startups which got funded due to TikTok ban are struggling 
-Finfluencers are soon expected to struggle
 -Credit Fintech w/o NBFC license is a struggle
 -Very few consumer content startups frm India are seeing scale and profitability
 -RMG is struggling due to regulations
 -India focused creator economy startups finding it difficult to scale 
-PLG led Indian SaaS startups not able to cross $20M ARR
 -Some VCs finding it tough to raise without DPI 
-Public markets thrashing innovative/vanity metrics of pvt VC funded cos. and their pvt market valuations 
-Series B and beyond is tough, down round/flat round is now common
 - Deals happening at single digit ARR multiple for SaaS valuations 
- Web3 startups not getting funded 
- Most GenAI startups not able to build any defensibility
- Most B2B Commerce startups are not able to increase gross margins or reduce NWC
 - CACs are ever increasing 
- Compliance issues at many startups - Layoffs to continue 
- startups which got funded in 2021, will soon be out of runway
 - no liquidity event for vested ESOPs in most Indian startups
 - secondaries happening at 35% discount in some cases 
- deal closure times have become 2x - less FOMO amongst VCs 
- More instances of M&A falling through

Harsh realities of Indian startup ecosystem

Winter is real

Growth Manager

There’s now a list of 4-6 startups that have shut down and announced closure in December. Why is this happening

Why are so many startups shutting shop in December?

Fastest unicorns in India

There are so many startups failing all around.
Many which I thought were doing something great also have been duds. Some epic surprise failures would be dunzo, pharmeasy, etc.
It looks like there will be many more such revelations in coming days 😐😐

Please share list of some stable and good startups (Series B and beyond) which I should be targetting.

Which startup is worth joining?

So Zepto was the first, InCred becomes the second one. 2 unicorns this entire year 🙀

InCred becomes 2nd unicorn of 2023 after raising $60 Mn in a new round. At $1.03 Bn valuation.

Corporate Strategist

Last 6 months have been dominated by layoff announcements, didn’t realise not a single new unicorn in this period!

Was asking for some advice on fundraising. Got to know if you are building something with no revenue, literally impossible to raise.

He explained how hard it is even for the current founders and expecting 100s of startups to fail next year with talent going cheap due to all the layoffs.

Very hard to think how to monetise B2C if people don’t even link their credit or debit cards with Apple Pay and Android for in-app purchases. Also for B2B Saas, it’s better to build for US from India than building for India.

Just “profit” over growth now. Nothing else matters 💭

Had a chat with a Unicorn Founder

Name of company
Months left according to you
Reason

For me:

Byjus
7-8 months max
Selling tabs and doing fraud with poor parents 
In name of edtech doesn't work

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